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A new CNN survey found that two-thirds of Americans support a balanced deficit reduction plan of spending cuts and tax increases, while only one-third favor proposals that only cut spending.

With that type of public support, there clearly are going to be revenue increases as part of the fiscal cliff negotiations. The only question is what form they take and whether they include raising the rate from 35 to 39.6 percent.

Many of the Republicans who have said they support more revenue as part of tax reform have not indicated they also support raising the top rate for those earning over $250,000. That is going to be the big bone of contention in the deficit talks.

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